WPS Insurance Corporation

Monona, WI Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews January
733Participants-10% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#15 of 18Finance & insurance in WIBy participants

Overview

WPS Insurance Corporation sponsors a self-funded health plan that covered 733 participants in plan year 2025, down 10% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
733 · prior year 811
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
WPS Insurance Corporation Non-Bargaining Unit Health Care Benefit Plan (outside of WI Locations & Outside of WI Remote Workers), plan 549 (733 participants); WPS Insurance Corporation Non-Bargaining Unit Health Care Benefit Plan (WI Locations & WI Remote Workers), plan 541 (580 participants); WPS Insurance Corporation Bargaining Unit Employee Benefits Plan, plan 502 (258 participants)
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
The Prudential Insurance Company of AmericaLife, Long-term disability1,286$1.2M—
Vision Service PlanVision890$220K—
Perspectives, LtdEmployee Assistance Program1,952$27K—
Hartford Life and Accident Insurance CompanyBusiness Travel Accident1,286$3K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$1.7M/ year

Estimated prescription spend: 733 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$111K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
WPS Insurance Corporation
Sponsor EIN
39-1268299
Plan numbers
549, 541, 502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1268299 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
WPS Pension Plan
Type
Pension plan
Participants
2,965

About this data

Source: WPS Insurance Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with WPS Insurance Corporation.

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